1523 SAINT CLAIR RIVER Drive Algonac, MI ^$ 650,000

1523 SAINT CLAIR RIVER Drive

^$ 650,000

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1523 SAINT CLAIR RIVER Drive

Algonac, MI, 48001

^$ 650,000

Studio Baths7.0 Sq 4,564

Monthly Estimate*

^$ 4,540

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Studio

Multi-Family Home for sale in Algonac, MI

for $650,000 with 7 full baths. This 4,564 square foot home was built in 1995 on a lot size of 0.17.

Welcome to this incredible investment opportunity. This 7 unit multi family home was remodeled in 2022 and currently has 4 tenants with a potential income of $5,800 a month. Located across the street from St Clair River. Potential cap rate of 8-9%

Multi-Family Active

Price

^$ 650,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 6,090

Style

Colonial

Lot Size

0.17

Year Built

1995

Town/City

Algonac

County/Region

Saint Clair

MLS | Web ID

60291735

Features

General

Heating Forced Air

Possession At Close

Exterior Features Porch Exterior Balcony

Water Community

Status Active Active

Full Baths 7

Half Baths 0

Bathrooms 7

Year Built 1995

Parking On Street

Subdivision VILLAGE OF ALGONAC MI

Style Colonial

County St. Clair

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Algonac

Zoning Multi-Family

Structure Style 2 Story

Area Algonac (74028)

Primary City Algonac

Directions This property is on the corner of Green St and St Clair Riever Dr across the street from the Algonac Water Department.

City Algonac

School District Algonac Community School Distric

Street Name SAINT CLAIR RIVER

Financial Terms Cash Conventional

Legal Description LOT 5 & E 5' OF ALLEY W OF SAID LOT & BEING 125' ON GREEN ST BLK 150 VILLAGE OF ALGONAC SEC 10 T2N R16E

DOM 49

Postal Code 48001

Price Per Sq Ft 142.42

Coming Soon Welcome to this incredible investment opportunity. This 7 unit multi family home was remodeled in 2022 and currently has 4 tenants with a potential income of $5

Interior

Basement Block

Fireplace? No

Total Number of Units 7

Fuel Type Natural Gas

Exterior

Exterior Vinyl Siding

Frontage 0

Lot Size Area 0.17

Lot Dimensions 60.00 x 125

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Kevin Stewart

Listing Agent

Stewart Team R E Partners Inc

Broker

kevin@kevinstewartteam.com

Affordability Calculator

$5,048

Per Month

Monthly Principal & Interest: $4,540
Monthly Property Taxes: $508
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Algonac, MI

Average List Price ^$625,000

Percent of Sale Price 4%

About Algonac, MI

4,117 Population

-11% Since 2002

^$46,599 Median Income

43.85 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759569 Elementary School

759962 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/5/2024	$650,000		Listed Price

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1523 SAINT CLAIR RIVER Drive, Algonac, MI, 48001 is a Multi-Family Home for sale at $650,000 with 4,564 sqft and a lot size of 0.17. 1523 SAINT CLAIR RIVER Drive is a studio with 7.0 baths and was built in 1995. The property's zip code is 48001 which is in Algonac, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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1523 SAINT CLAIR RIVER Drive

Multi-Family Home for sale in Algonac, MI

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